Modi had called for a meeting with 11 textiles industry delegates from across the country on December 26 at his residence to get to know the plight of the industry. This is the first time in the past five years that knitwear exports from Tiruppur have declined.
Export Impact For Good
A social technology company incubated at IIT Delhi has managed to bring forth steady and sustainable change in unregulated work environments. How far will the virus impact the Indian economy. Here's a brief overview. TEA President Raja M Shanmugham in a release also thanked her for announcing revised priority sector lending norms for exporters, which will release an additional funding of Rs 36, crore to Rs 68, crore to them.
As the processes are only of B2B nature and since the final product garments fall under five per cent slab, levying 18 per cent on job work will create an inverted duty scenario. The companies are worried because the increasing imports of readymade garments are hurting them in the local market even as they grapple with tepid growth in exports.
Most countries like Vietnam, Cambodia and Bangladesh enjoy free trade agreement with Europe, which is one of the major destinations for Indian garment exports. Southern India Mills Association chairman P Nataraj in a statement, appealed to the Finance Ministry to have a re-look at the rates applicable for textiles.
Tiruppur accounts for exports of Rs 26, crore a year and has 1, garment making units, of which about are large entities with thousands of workers.
Tirupur Exporters' Association today urged the Centre to take steps to arrest the downfall and restore growth of exports.
There is a dire need to build large-scale labour housing and hostels in Public-Private Partnership mode so as to enable the permanent migration of skilled labourers. All rights reserved. For reprint rights: Times Syndication Service. Have you read these stories? Oyo risks turning into another problem startup for SoftBank and Son, still reeling from WeWork's meltdown.
Markets may not be able to Bear lockdown 2. Google Pay launches 'Nearby Spot' to help users find local stores selling essentials. Panache Raamdeo Agarwal's golden rules for investors during Covid pandemic: Don't lose money, stay away from shady deals. Brand Solutions. TomorrowMakers Let's get smarter about money.In particular, Indian demand for clean and affordable electricity will be a major driver for hydropower development across South Asia.
Much of the new hydropower capacity in Nepal and Bhutan will be built with a view to export electricity to meet growing demand for electricity in northern India, offsetting greenhouse-gas emissions by reducing the proportion of coal-burning stations in the electricity portfolio. Bhutan boasts a very high hydropower potential, estimated at around 30, MW, of which 23, MW has been identified as economically feasible. A total of 1, MW of hydropower capacity has been installed in the country to date.
Bhutan already exports a large amount of power to India. In the fiscal year —14, the annual net power transfer from Bhutan to India was 4, GWh, a figure which is likely to grow as further hydropower development takes place in Bhutan.
The Bhutanese government envisions 10, MW of installed hydropower capacity in the country bywhich it will develop in close collaboration with the Indian government and private sector.
The Dagachhu run-of-river scheme, which began commercial operation inis a milestone project in many ways. The project is the first in Bhutan to export power exclusively to India; Tata Power has signed a power purchase agreement for 25 years, and will export all electricity generated at the site to India.
Dagachhu also marks the first public— private partnership in infrastructure investment in Bhutan. Druk Green Power Corporation, the state-owned utility, owns 59 per cent equity in the project, Tata Power Company of India owns 26 per cent, and the remaining 15 per cent is held by the Pension and Provident Fund of Bhutan.
Nepal is also expected to become a net exporter to the Indian market, but Nepal currently suffers energy shortages and frequent blackouts. For example, the shortfall in electricity supply to meet domestic load requirements was about MW in latewhen peak demand reached 1, MW.
Export Impact For Good
This led to blackouts of up to 14 hours a day. Nonetheless, Nepal is blessed with significant hydropower resources. Although Nepal suffers from regular energy shortages, the available hydropower resources could provide a large surplus if strategically developed with a view to foster regional energy trade.
Therefore, Nepal will follow a similar path to Bhutan, with the view of becoming a net exporter to the Indian market, as well as Bangladesh.
The Nepal Electricity Authority NEA plans to charge the capacity of the line to kV in the next five to six months, and the line is expected to be charged at its full capacity of kV by September This project will provide relief from load-shedding in the eastern region of the country. The Mai Khola plant will discharge into the intake of the Mai cascade hydropower project, which ultimately discharges back into the Mai Khola River. A further seven projects in Nepal are scheduled to be completed in the first half of Bhutan is a landlocked country and the second largest Himalayan state in Asia.
Located in the Eastern Himalayasit is bordered by China in the north and India in the south. With overinhabitants, its population is the seventh largest in South Asia. Thimphu is its capital and largest city, while Phuntsholing is its financial and commercial center. Bhutan has the second highest per capita income in South Asia after the Maldives.
Hydroelectricity accounts for the major share of its exports. This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct. Hazelnut nursery in Lingmethang. From Wikipedia, the free encyclopedia. Wikipedia list article. Shops in the lower market of Thimphu. The Bhutan Power Corporation headquarters in Thimphu.
Druk Airthe national airline. Asian Development Bank. List of companies of Asia. Book Category Asia portal. Cities Chiwogs electoral precincts Dzongkhags districts Dungkhags subdistricts Gewogs village groups Villages. Outline Index Bibliography.
Hidden categories: Articles with short description.The HKEA works closely with local and overseas trade associations, consulates, governmental departments and training institutes, keeping our member exporters posted of the latest market development.
To maximise our presence and influence in the trade, the HKEA has representatives sitting in various organisations. This representation enables HKEA to pursue a proactive role on behalf of our member exporters in the development of export trade in Hong Kong.
HKEA represents the interests of exporters on a number of important councils and committees, such as:. The HKEA actively disseminates critical information concerning local and overseas promulgations on:. The 1st AEI is the first exhibition cum competition exclusively devoted to inventions from Asia.
It also endeavors to build Hong Kong as a major sourcing hub for cross-industry designs and products, and to create awareness of Hong Kong design and innovation capability to the community. We are devolved to maintain this essence and momentum in motivating and encouraging more Hong Kong exporters to upgrade and transform their business strategy by building their original design brand further to promote to the China Market.
HKEA members will be informed about these enquiries with priority. You are welcome to grab these valuable opportunities and contact the buyers directly. At present, most of them are leading export traders that contribute more than one-third of the Hong Kong's domestic and re-export trade. Type of Membership Our Members. Explore and Connect. International Exhibitions.
HK Smart Design Stores. Membership Registration. Representation HKEA represents the interests of exporters on a number of important councils and committees, such as:. Concerns to Export Trade The HKEA actively disseminates critical information concerning local and overseas promulgations on: Textile restrictions Toy regulations Product standards Environmental protection Ocean and air freight charges Electronic commerce Product inspection, labeling and laboratory testing issues Compliance issues.
Fair 1. Fair 2. Fair 3. Fair 4. Fair 5. Fair 6. All Rights Reserved.We get order from a foreign agent abroad to whom we pay commission. Will it be taxable under GST? The foreign agent, who facilitates the supply of goods, is included within the definition of intermediary.
The place of supply of service for services provided by intermediary would be the location of service provider, i.
Since a foreign agent is located outside India and not registered in India, the commission paid to him will not be taxable. How GST will be paid on the conversion of foreign currency? Will it be on full value after conversion or some other formula will be applied? In case RBI reference rate is not available for the currency, the value will be gross amount of Indian Rupee provided or received by the person changing the money. Can you suggest the same with an example for better clarity? Whether factory stuffing facility under excise supervision continues under GST?
However, in certain situations, an exporter may follow the self-sealing procedure even if he is not required to be registered under GST Laws. What will be the exact procedure of obtaining permission from Customs? The jurisdictional Superintendent or an Appraiser or an Inspector of Customs shall visit the premises from where the export goods will be stuffed and sealed for export.
The jurisdictional Superintendent or Inspector of Customs shall inspect the premises with regard to viability of stuffing of container in the premises and submit a report to the jurisdictional Deputy Commissioner of Customs or as the case may be the Assistant Commissioner of Customs within 48 hours.
Once the permission is granted, the exporter shall furnish only intimation to the jurisdictional Superintendent or Customs each time self-sealing is carried out at approved premises.BEAUTI OF BHUTAN\ভুটানের সৌন্দর্য
The intimation, in this regard shall clearly mention the place and address of the approved premises, description of export goods and whether or not any incentive is being claimed. What is the procedure for IGST refund on exports?
In the case of refund of IGST paid on exports: Upon receipt of information regarding furnishing of valid return in Form GSTR-3 by the exporter from the common portal, the Customs shall process the claim for refund and an amount equal to the IGST paid in respect of each shipping bill shall be credited to the bank account of the exporter.
Will the principle of unjust enrichment apply to exporters or not? The principle of unjust enrichment is not applicable in case of exports of goods or services as the recipient is located outside the taxable territory. We are merchant exporters with principal place of Business as Chennai.Bhutan is geopolitically in South Asia and is the region's second-least-populous nation after the Maldives. Thimphu is its capital and largest city, while Phuntsholing is its financial center.
Bhutan's independence has endured for centuries. It has never been colonized in its history. Situated on the ancient Silk Road between Tibet, the Indian subcontinent and Southeast Asiathe Bhutanese state developed a distinct national identity based on Buddhism. Headed by a spiritual leader known as the Zhabdrung Rinpochethe territory comprised many fiefdoms and was governed as a Buddhist theocracy.
Following a civil war in the 19th century, the House of Wangchuck reunited the country and established relations with the British Empire.
After the end of the British RajBhutan fostered a strategic partnership with India during the rise of Chinese communism; it has a disputed border with China. In the early s, the government deported much of the country's Nepali-speaking Lhotsampa minority, sparking a refugee crisis in nearby Nepal. InBhutan transitioned from an absolute monarchy to a constitutional monarchy and held the first election to the National Assembly of Bhutan.
The National Assembly is part of the bicameral parliament of the Bhutanese democracy. Gangkhar Puensum is Bhutan's highest peak and may also be the highest unclimbed mountain in the world. In South Asia, Bhutan ranks first in economic freedomease of doing businessand peaceand is the least corrupt country in the region as of [update]. It continues to be a least developed countrybut expects to graduate from this status by Hydroelectricity accounts for most of its exports.
Bhutan is also notable for pioneering the concept of gross national happiness. Since the 17th century Bhutan's official name has been Druk yul country of the Drukpa Lineagethe Dragon People, or the Land of the Thunder Dragon, a reference to the country's dominant Buddhist sect ; "Bhutan" appears only in English-language official correspondence.
But these names seem to have referred not to modern Bhutan but to the Kingdom of Tibet. The modern distinction between the two did not begin until well into the Scottish explorer George Bogle 's expedition. Realizing the differences between the two regions, cultures and states, his final report to the East India Company formally proposed calling the Druk Desi 's kingdom "Boutan" and the Panchen Lama 's "Tibet".
Locally, Bhutan has been known by many names. Stone tools, weapons, elephants, and remnants of large stone structures provide evidence that Bhutan was inhabited as early as BC, although there are no existing records from that time. Historians have theorized that the state of Lhomon literally, "southern darkness"or Monyul "Dark Land", a reference to the Monpathe aboriginal peoples of Bhutan may have existed between BC and AD Buddhism was first introduced to Bhutan in the 7th century AD.
Much of early Bhutanese history is unclear because most of the records were destroyed when fire ravaged the ancient capital, Punakhain By the 10th century, Bhutan's political development was heavily influenced by its religious history.Two Bhutanese truckers and an Indian driving a Bhutanese truck were brutally tortured and beaten by Indian mob at Fulbari at the India-Bangladesh border yesterday.
They were harassed for not being able to pay donations for a local ritual. The truckers were on the way to Bangladesh from Phuentshogling carrying boulders. The incident happened at around pm. And the cowardly beatings left bruises on the bodies of the truckers who were admitted in hospital yesterday. One of the drivers is being treated in Siliguri and another in Phuentshogling hospital. The incident went viral on the social media forum. A Bhutanese man who was at the site shared about the harsh incident and reminded the Bhutanese drivers to be careful while plying along that area.
Some of the drivers were brutally beaten when they refused to pay the contributions.
TIRUPUR EXPORTERS ASSOCIATION
The mobs were the ones who damaged Bhutanese trucks earlier. In the same area, a Bhutanese driver lost his life last year when an Indian car ran over him. Bhutanese truckers say Indian counterparts are not taking any action on such incidences besides filing first information report FIR. It has been happening for sometimes now.
At first, an Indian car ran over a Bhutanese man riding a bike. And Indian mob have also damaged around 25 to 30 Bhutanese trucks parked in the area. As per officials from the Bhutan Exporters Association, all three victims are recovering. Meanwhile, officials from the association plan to visit the site tomorrow. The case is registered with both Indian and Bhutan police. Name required. Mail will not be published required. Three truckers tortured and beaten by Indian mob Jan 28, Two Bhutanese truckers and an Indian driving a Bhutanese truck were brutally tortured and beaten by Indian mob at Fulbari at the India-Bangladesh border yesterday.
Fulbari is located at about kilometres from Phuentshogling. Click here to cancel reply. Follow Us! English Dzongkha.